37 MCNAB Street, Centre Wellington, ON

$1,788,000
MLS#:X10877735
3 beds
2 baths
3500-5000 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $1,788,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 82.5 x 132 ft lot
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Other, Ventilation System, Separate Heating Controls
  • equipped with wall unit(s) central cooling and highly efficient other heating via other

Description

Welcome to 37 Mcnab St in the stunning town of Elora–where history and modern living blend seamlessly! This truly unique gem has a story as rich as its walls. Built just 10 years after the founding of our beloved village, this 182yr old house stands as one of the oldest structures in Elora. But here’s the twist–this once eroding schoolhouse has undergone a stunning transformation. It has been reimagined into a high-performance spec home by Quantum Passivhaus. The result? A breathtaking 4100 sq ft home that beautifully marries innovative design with an appreciation for local heritage. The new design isn’t just about preserving the past, it’s about creating a sustainable future. With cutting edge features, this home offers exceptional energy efficiency, luxurious comfort and craftsmanship, all while respecting its historic roots. Whether you’re hosting family gatherings or enjoying quiet evenings, this house provides a unique backdrop for your life’s new chapter. Don’t miss out on the chance to be part of this incredible community treasure!

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Property Summary

This detached home located at 37 MCNAB Street, Centre Wellington is currently for sale and has been available on SousaSells for 703 days. This property is listed at $1,788,000 with an estimated mortgage of $5,952* per month. It has 3 beds, 2 bathrooms, and is 3500-5000 square feet. 37 MCNAB Street, Centre Wellington is in the Elora/Salem neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date8/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Concrete
BasementNone
Lot Size82.5 × 132 Acres
CountyWellington
Annual Tax$9,124.8
Legal DescriptionLT 2 SE/S WOOLWICH ST BTN HIGH & WELLINGTON ST PL 181 ELORA; CENTRE WELLINGTON

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceOther
Heat TypeOther
CoolingWall Unit(s)

Features

Property Features

Hospital, Fenced Yard

Interior Features

Other, Ventilation System, Separate Heating Controls, Water Heater Owned, Air Exchanger, Water Softener, Central Vacuum

Security Features

Community Features

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Location

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37 MCNAB Street, Centre Wellington, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 37 MCNAB Street, Centre Wellington, ON N0B 1S0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Centre Wellington.

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Interest Rate4.00%
Down Payment$536,400 (30.0%)
* Minimum Canadian down payment required for this price is $357,600.
Amortization Period30 Years
Estimated Monthly Payment$5,952Based on a loan of $1,251,600 over 30 years.
Purchase Price$1,788,000
Loan Amount$1,251,600
Provincial Land Transfer Tax:$32,235
Total Estimated Closing Taxes:$32,235

About Purchasing a Home in Centre Wellington, ON

For a property listed at $1,788,000 in Centre Wellington, the legal minimum down payment is $357,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $32,235 for this transaction. As this listing is in Centre Wellington (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $32,235.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Elora/Salem, Centre Wellington.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,141,100

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.